Question

expenses payble -a)current liabilities, b)current assets, c)non current liabilities

Answer 1

Expenses payable is CURRENT LIABILITIES.

Current Liablities consists of :

Sundry creditors,

Bills payable,

Outstanding expenses,

Advance Income,

Provision for Tax,

Unclaimed Dividend,

Interest Accrued but not due,

Tax deducted at source